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The Aptitude Lease Accounting Engine (ALAE) provides a single solution for consistent, consolidated reporting, full visibility and control over lessee and lessor accounting.
ALAE is a mature lease accounting solution that has been successfully implemented in complex, high lease volume environments across industries. It supports both lessee and lessor accounting requirements under the new standards and handles a wide range of complex lease accounting scenarios, providing consistent, consolidated reporting and full visibility and control over lease accounting, for the entire lifecycle of leases.
ALAE enables enterprise finance teams to:
Process hundreds of thousands of leases in hours with no manual intervention
Controls and error management built into the product
Can support high lease and data volumes with one instance for reduced costs
Drives dramatic reduction in load times and time spent addressing errors
Addresses both lessee and lessor accounting requirements across all asset classes
Multi-calendar support for entity specific close frequencies to shorten period end processing
Can support unique and complex accounting requirements like intercompany, embedded, subleases and variable payment leases
Low to no touch flow for lease activation and modifications
Supports better scenario modelling, analytics and forecasting
The deadline for US private companies, which constitute the largest segment of businesses in the U.S., has come and gone. Similar to public companies before them, many private organizations likely utilized lease administration system functionality or excel-based processes to meet the deadline.
For some, this initial approach may suffice. However, many companies are realizing that their approach to ASC 842 compliance is not sustainable in the long run. We summarize some of the red flags that indicate you may need to reevaluate your lease accounting compliance solution.
This webinar explores the reasons T-Mobile selected ALAE, the business benefits delivered and the impact of reduced processing times and manual work around on staff overtime, retention and morale.
Results delivered:
120K leases processed in less than 3 hours with little to no manual intervention
Fewer overtime hours for staff, booting team retention and morale
Covers both IFRS & US GAAP as well as 140+ unique and complex lease accounting scenarios
With ALAE, 120,000 leases are processed in less than three hours. This is incredible for us. We could do it every day if we wanted, which is just amazing. The fact that the controls and error management are built into the product from a Sox control perspective, that’s going to make it so much easier. Overall, this has a dramatic impact on our teams and allows them to not just be working on loading and fixing problems, but being able to add value to the business.
– Lora Tarabeih
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